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After facing a cascading crash at the beginning of the year, Toncoin (TON) is gaining traction in the present market. Due to Pavel Durov’s detainment sparking panic, this crypto’s price went into a complete spiral, losing nearly half of its value from December 2024 peak to March 2025 crash. However, things took a different turn
The post Why is Toncoin Up Today Despite Crypto Market Crash? appeared first on CoinGape.
The post XRP News: Why Did Ripple Submit An Additional Letter To Crypto Task Force? appeared first on Coinpedia Fintech News
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being part of an investment contract and become just a digital asset?
In their letter, Ripple thanked the SEC team for meeting with them on May 20, 2025, and offered further thoughts on the issue. Ripple argued that most cryptocurrencies traded today are not securities. They pointed to legal analysis from Lewis Cohen and others, which says that when crypto tokens are sold in secondary markets — like exchanges — they usually don’t meet the legal definition of a security.
Ripple also opened up about last year’s court ruling by Judge Torres in the SEC’s lawsuit against Ripple. The judge decided that while some of Ripple’s early XRP sales to big investors counted as investment contracts, the XRP token itself is not a security when sold in secondary markets.
Ripple acknowledged the SEC’s concern about bad actors misusing crypto markets but said it’s up to Congress, not the SEC, to change the laws. They warned against vague rules like deciding if a token is “fully functional” or “sufficiently decentralized”, as these can confuse the market.
Instead, Ripple suggested a clearer legal framework. For example, if a crypto token was once sold as part of an investment contract, it should be considered separate from that contract when:
Ripple also proposed a safe harbor rule to protect honest crypto projects that are still developing, helping them avoid legal risks while following clear guidelines.
Additionally, Ripple recommended using the maturity of a crypto network — how big and established it is — rather than vague ideas like decentralization, to decide whether it should still be regulated as a security. They suggested that tokens on open, permissionless networks with a large market value, operational for years, and without one party having control, should no longer fall under securities laws.
The post XRP News: Why Did Ripple Submit An Additional Letter To Crypto Task Force? appeared first on Coinpedia Fintech News
Ripple’s Chief Legal Officer, Stuart Alderoty, took to X (formerly Twitter) today to share that Ripple has sent an additional letter to the U.S. SEC’s Crypto Task Force. The letter responds to a recent speech by SEC Commissioner Hester Peirce titled “New Paradigm,” where she raised an important question: When does a cryptocurrency stop being …
The post Altcoin Season is Coming? Data Says the Next Big Crypto Rally is Near! appeared first on Coinpedia Fintech News
It’s been almost two weeks since Bitcoin hit an all-time high price. Meanwhile, the crypto market is at an important moment right now, and many traders are wondering what will happen next.
Data from Alphractal, a trusted crypto data platform, shows some interesting trends that suggest altcoins could be about to steal the show.
Interesting, Bitcoin dominance has just peaked at 64%. In the past, whenever Bitcoin dominance dropped from this level, altcoins had a huge rally, sometimes even 50x.
Alphractal’s data shows that altcoin dominance, which excludes stablecoins like USDT and USDC, has dropped to 28.4%. This is getting close to a very important support area that’s been significant many times in the past.
Usually, when altcoin dominance sits around 24% to 25.3%, it’s a sign that altcoins are getting ready to rise again. These levels have always appeared at times when Bitcoin and stablecoins were leading the market and altcoins seemed forgotten.
But as soon as altcoin dominance reached this zone, altcoins quickly bounced back and took the spotlight.
Now that we’re approaching this support level again, it looks like altcoins could be ready for another big moment.
There’s another chart that removes not only stablecoins but also Ethereum. This chart shows that altcoin dominance (without ETH and stablecoins) is at 18.92%. That’s very close to 18%, which has been a strong support level for years.
In the past, when this level was reached, Bitcoin’s dominance often fell, and altcoins started to grow again. This level has held strong even though there are now thousands of new altcoins on the market.
Bitcoin’s dominance just hit 64%, a level that has stopped it before. Crypto analyst CryptoElites has shared a chart showing that this resistance has always been a tough barrier for Bitcoin.
In both 2019 and 2021, Bitcoin’s dominance peaked and then dropped sharply. What followed was a wave of explosive altcoin rallies, with some coins gaining 50x or more.
Analyst chart suggests a similar setup is happening now, hinting that the next big altcoin season could be right around the corner.
Meanwhile, the altocin index currently sits at 22, reflecting a long way to go before the altcoin season begins.
The post Altcoin Season is Coming? Data Says the Next Big Crypto Rally is Near! appeared first on Coinpedia Fintech News
It’s been almost two weeks since Bitcoin hit an all-time high price. Meanwhile, the crypto market is at an important moment right now, and many traders are wondering what will happen next. Data from Alphractal, a trusted crypto data platform, shows some interesting trends that suggest altcoins could be about to steal the show. Interesting, …
The crypto market’s volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.
BeInCrypto has analyzed three altcoins to watch, focusing on whether key events could trigger a price shift in the third week of April.
FIL price has bounced off the support of $2.26, currently trading at $2.50. This rebound follows the altcoin’s 27% decline at the end of March, and traders are anticipating a recovery. The support level of $2.26 has proven crucial in halting further losses and enabling a potential uptrend.
Upcoming developments, such as the FIP 0097 proposal, could further boost FIL’s price. The transition to FEVM supporting transient storage and aligning with Ethereum’s EIP-1153 promises cleaner contracts, lower costs, and better compatibility. These improvements could drive FIL past the $2.63 resistance level, potentially reaching $2.99.
If FIL fails to break through the $2.63 barrier, the altcoin may fall back to $2.26. Losing this key support would invalidate the bullish outlook, risking a further drop to $2.00. Investors will closely monitor these levels for signs of a reversal or continued decline.
Another one of the key altcoins to watch before April ends, the EIGEN price is poised to breach the $0.86 resistance this week, driven by the upcoming Slashing upgrade. The upgrade will introduce a free marketplace where Operators can earn rewards for their work, and AVSs can launch verifiable services.
If EIGEN capitalizes on the momentum from the Slashing upgrade, it could surpass the $0.86 and $0.92 resistance levels. With continued upward movement, the altcoin could reach $1.00 and beyond. Investors are closely monitoring the effects of this update on price performance.
However, if EIGEN fails to breach $0.86, the price may fall back to the support level of $0.69. This would invalidate the bullish outlook and delay the recovery from the 41.5% losses incurred at the end of March.
TRUMP price recently hit an all-time low of $7.14 but has since recovered to $8.33. Despite this recovery, the likelihood of a continued rally is uncertain due to the upcoming token unlock on April 18. This event could create additional selling pressure on the altcoin in the coming days.
The first token unlock in three months, set to release 40 million TRUMP worth $331 million, will flood the market. This unlock will also initiate the daily release of 492,000 TRUMP tokens. Investors are concerned that this increased supply may further weigh on the price.
The surge in supply could prove bearish for TRUMP, which is already facing low demand. This may push the price back down to $7.14 or lower, potentially creating a new all-time low. However, if the price breaches $9.11, the bearish outlook would be invalidated, and recovery could occur.
The post 3 Altcoins to Watch in the Third Week of April 2025 appeared first on BeInCrypto.